The current development trajectory of India has many adverse social and environmental implications. With a GDP growth rate of 7.6% in 2015-16, India is touted to be the world’s fastest growing economy. However, the paradox of India’s story is that this economic prosperity has come at the cost of social inequalities and unsustainable environment use. In order to move towards sustainable development that provides better quality of life for all within the ecological limits of the planet, we believe there is a need to revamp the principles governing our economic systems. We think this new agenda should be driven by a green, fair, and transparent economy approach. The basic premise of a green, fair and transparent economy is that there can be ways to eradicate poverty and foster sustainable development without harming the environment.